BlackRock's Bitcoin ETF, along with its rivals, is experiencing heightened trading activity amid a surge in BTC prices. BlackRock's iShares Bitcoin Trust (IBIT) achieved a remarkable $2.2 billion in trading volumes on Wednesday, surpassing its previous daily record. Fidelity Investments' Wise Origin Bitcoin Fund (FBTC) also reached $860 million in trade volumes by 1 pm ETF. The Ark 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) recorded volumes of approximately $280 million and $180 million, respectively. Bloomberg Intelligence analyst Eric Balchunas highlighted that the collective trading volumes of nine US spot bitcoin ETFs had broken the single-day record, describing it as a "craze." Notably, Grayscale's Bitcoin Trust ETF (GBTC), which converted to an ETF on Jan. 11, maintained high trading volumes, surpassing $1.2 billion. While BlackRock's IBIT attracted significant net inflows, GBTC experienced daily outflows for the past seven weeks, losing $126 million yesterday. The surge in ETF trade volumes aligns with Bitcoin's recent rally, reaching over $63,000 before settling around $61,000.

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